Clay City, KY (40312) is a small town in Powell County with a population of just over 600 people. The average 2 bedroom rent in this area is $890, which is about 40% lower than the national average of $1,430. Grocery cost index here is also lower compared to the national average at 93 versus 100. Clay City offers its residents great amenities such as a Dollar General store for their basic needs and a few eateries like Pizza Plus and Scotchman drive-in. There are also several churches located within the city boundaries such as First Baptist Church, Abundant Life Tabernacle and Union Chapel Pentecostal Church.
Clay City (zip 40312) has an unemployment rate of 5.4%. The US average is 6.0%.
Clay City (zip 40312) has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Clay City (zip 40312)
- The Sales Tax Rate for Clay City (zip 40312) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clay City (zip 40312) is 8.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Clay City (zip 40312)
- The average income of a Clay City (zip 40312) resident is $21,876 a year. The US average is $37,638 a year.
- The Median household income of a Clay City (zip 40312) resident is $31,823 a year. The US average is $69,021 a year.